A Question from Mikey
5:46 PM Tuesday, March 29, 2022
Mikey assumes the interest on US debt will increase dramatically, which will lead to even more debt... In other words, a snowball effect that creates a stagflation environment! (NOT GOOD)
My argument is that we are in uncharted inflationary conditions the likes we have not seen since the 1970's, but our current conditions are far worse than the 70's and the FED has NO economically sound options to work with.
>The U.S. national debt has just eclipsed $30 trillion, and the country is faced with a debt/deficit crisis that can only be resolved via unprecedented levels of inflation.